Maximum RONA definition

Maximum RONA in each case means the specific fiscal year-over-year improvement in RONA, expressed as a percentage, established by the Committee for the applicable Performance Period. Notwithstanding the foregoing, if the Company's RONA for the Performance Period does not meet or exceed Target ▇▇▇▇ for such fiscal year, but RONA for such Performance Period meets or exceeds ▇▇▇▇▇▇▇▇▇ ▇▇▇▇, then fifty percent (50%) of the Performance Shares award for such Performance Period shall be earned. For the avoidance of doubt, if RONA for the Performance Period is below Threshold RONA, no Performance Shares shall be granted for such Performance Period. The Committee will develop the performance criteria for the subsequent Performance Period within the time period for developing performance goals under the regulations under Code Section 162(m). An amended Exhibit A describing the performance criteria for that Performance Period will be provided to each Participant prior to the end of the first quarter of that Performance Period and will automatically become a part of this Agreement. Performance Goals for Performance Period October 1, 2012 to September 30, 2013
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Maximum RONA means, in respect to a Reference Obligation, the lower of:
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Related to Maximum RONA

  • Maximum Run Time means the maximum number of hours a generating unit can run over the course of an Operating Day, as measured by PJM’s State Estimator.

  • Maximum Revolver Amount means $5,000,000, decreased by the amount of reductions in the Revolver Commitments made in accordance with Section 2.4(c) of the Agreement.

  • Maximum mass means the maximum mass stated by the vehicle manufacturer to be technically permissible (this mass may be higher than the "permissible maximum mass" laid down by the national administration).

  • Maximum Rate Cap Any of the Class A-1 Maximum Rate Cap, the Class A-2 Maximum Rate Cap or the Weighted Average Maximum Rate Cap.

  • Maximum Revolving Amount At any date as of which same is to be determined, the amount by which (x) $3,500,000 exceeds (y) the sum of (i) all then undrawn amounts of letters of credit issued by the Bank for the account of the Borrower plus (ii) all amounts then drawn on any such letter of credit which at said date shall not have been reimbursed to the Bank by the Borrower.